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Jim Bianco on Inflation, Recession and the Need to Reimagine the Economy for a New Era

The Breakdown

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The Fed's New Framework for Inflation

The choice to label a inflation transitory was not so much an econo decision, but a political one. In two thousand 19 the fed had this series of meetings called fed lissons. And they were talking about adopting a new framework. They instituted that policy in august and september 20 twentyeth the pandemic. But why do we have the highest inflation rate? Why isn't it france or germany, australia or japan or new zealand that has thehighest inflation rate, or canada? It's because we stimulated more than anybody else,. Either through pp p loans, through stimi checks, through fed policy being so aggressive om for

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